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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (11,437) $ (4,017)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 19,137 5,164
Amortization of deferred financing costs 159 1,166
Net deferred taxes (benefit) and other (2,055) (7,830)
Tax benefit on exercise of options 0 0
Provision for bad debts 5,713 1,365
Net (gain) loss on sale or disposal of assets (315) 13,258
Non-cash stock-based compensation expense 7,653 3,071
Net (gain) loss on investments 0 0
Net (gain) loss on derivatives 0 0
Deferred rent 2,477 (134)
Unearned revenue - long-term 0 0
Net (gain) loss on extinguishment of debt 0 0
Deferred compensation 972 1,595
Tax benefit for vesting of restricted stock unit awards 0 0
Impairment loss 28,988 441
Net accretion expense for asset retirement obligations 31 (237)
Changes in assets and liabilities:    
Accounts receivable 42,115 (1,673)
Prepaid expenses and deposits (15,930) (1,113)
Accounts payable and accrued liabilities (20,981) 5,799
Accrued interest expense (5,090) (1,821)
Accrued liabilities - long-term (16,143) (1,033)
Prepaid expenses - long-term 89 (176)
Net cash provided by (used in) operating activities 35,383 14,925
INVESTING ACTIVITIES:    
Additions to property and equipment (17,023) (6,745)
Proceeds from sale of property, equipment, intangibles and other assets 476 18
Purchases of radio station assets (15,000) (24,000)
Payments To Acquire non-amortizable intangible assets 0 0
Purchases of investments (1,250) 0
Consolidation of a VIE 0 (302)
Payments to Acquire amortizable intangible assets (1,963) (299)
Net cash provided by (used in) investing activities (34,760) (31,328)
FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 83,325 34,500
Proceeds from the financing method of lease obligations 0 0
Payments of long-term debt (27,997) (47,008)
Purchase of the Company's common stock (20,012) 0
Proceeds from issuance of employee stock plan 709 182
Proceeds from the exercise of stock options 65 22
Purchase of vested employee restricted stock units (5,172) (2,503)
Payment of dividend equivalents on vested restricted stock units (866) (104)
Payment of dividends on common stock (24,916) (5,837)
Payments of dividends on preferred stock 0 (1,100)
Net cash provided by (used in) financing activities 5,136 (21,848)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,759 (38,251)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 34,167 46,843
CASH AND CASH EQUIVALENTS, END OF PERIOD 39,926 8,592
Cash paid during the period for:    
Interest 37,726 13,254
Income taxes 18,836 177
Dividends on common stock 24,916 5,837
Dividends on preferred stock $ 0 $ 1,100